Registration not to impact certain matters
13 Registration not to impact certain matters
The registration of a security interest—
does not warrant or confirm the validity of the security interest to which the registration relates; and
does not limit or affect any action that the Minister may take in relation to a water licence or a water access entitlement under the Act, any regulations or a water allocation plan, or in the exercise of any other statutory function or power; and
does not prevent or require the holder of the security interest to consent to any transfer of a water allocation during a particular water use year; and
does not affect or prevent any transfer, variation, or surrender of a water licence, or any water access entitlement, required by law or by an order of a court or tribunal constituted by law; and
does not prevent the expiry of a water licence or water access entitlement, or any associated water allocation or other authorisation under the Act.
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